Strata Identity, Boulder, Colorado, has been named a winner of the 2021 Black Unicorn Award as a Top 10 Cybersecurity Startup of the year. Presented annually at the Black Hat USA conference, the Black Unicorn Awards recognize companies that have the potential to achieve unicorn status, namely a $1 billion-dollar market value as determined by private or public investment sources.

“We’re pleased to recognize Strata Identity as a Top 10 Cybersecurity Startup for 2021 in our third annual Black Unicorn awards, the company is in a small, elite group,” said Judges Robert R. Ackerman Jr. of www.allegiscyber.com, David DeWalt of www.nightdragon.com, Dr. Peter Stephenson of Cyber Defense Labs and Gary Miliefsky of www.cyberdefensemediagroup.com.

“Being named a Black Unicorn Top Cybersecurity Startup at Black Hat USA validates our vision and approach for solving the multi-cloud identity management problem using identity orchestration,” said Eric Olden, CEO of Strata Identity. “With more than 93% of enterprises using multiple clouds and several different identity systems both in the cloud and on-premises, we are addressing an urgent pain point by helping customers seamlessly bridge the old and new world of identity.”

Strata’s Maverics Identity Orchestration Platform is the first distributed, standards-based orchestration solution that automates multi-cloud and hybrid cloud identity management. With Maverics, organizations can enable legacy on-premises identity to coexist indefinitely with modern cloud identity systems, all without making any code changes to their applications. The average large enterprise has hundreds of applications. Because identity systems are tightly integrated with each application, Maverics represents a game-changer for companies that are undergoing digital transformation, modernization, and cloud migration.